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Revenue (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

Our disaggregated revenues were as follows (in thousands):

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2025						2024						2025						2024
Royalties						$	236,038					$	155,061					$	609,869					$	400,572
Product sales, net
Proprietary product sales						52,242						39,925						135,035						119,319
Bulk rHuPH20 sales						32,491						31,493						82,787						66,637
Device partnered product sales						9,495						15,241						35,957						38,172
Total product sales, net						94,228						86,659						253,779						224,128
Revenues under collaborative agreements
Upfront license and target nomination fees						—						27,000						220						27,000
Event-based development and regulatory milestones and other fees						—						18,000						24,500						57,500
Sales-based milestones						20,000						—						45,000						—
Device licensing and development revenue						3,998						3,364						11,476						8,116
Total revenues under collaborative agreements						23,998						48,364						81,196						92,616
Total revenues						$	354,264					$	290,084					$	944,844					$	717,316

Schedule of Accounts Receivable, Other Contract Assets and Contract Liabilities

Accounts receivable, net, other contract assets and deferred revenues (contract liabilities) from contracts with customers, including partners, consisted of the following (in thousands):

						September 30, 2025						December 31, 2024
Accounts receivable, net						$	343,535					$	288,204
Other contract assets						2,500						20,251
Deferred revenues						8,373						10,343

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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No definition available.

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